What makes Bitcoin valuable? - page 15.

Lun4t1c

newbie

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Quote from: [email protected] on January 31, 2018, 11:19:33 PM

Everyone in the crypto space has had people tell them that Bitcoin is worthless or that it doesnt have any true value.

Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.

So heres a little cheat sheet for any newbies out there who get this question or accusation:

1. Bitcoin is safe. It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.

In short, Bitcoin solves massive problems with the financial and political world, and that is its value.

And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.

-

@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential

Many professionals says that the most valuable thing in bitcoin is its technology. Beside on its technology the price of it I think is the second thing about about bitcoin.

P60

full member

Activity: 378

Merit: 100

Decentralized Digital Billboards

Quote from: Ziscadas on May 03, 2018, 06:39:17 AM

Bitcoin for the first time in history created a situation where every person has the opportunity to be completely financially independent. From now on, private property is really controlled only by its owner and by no one..I think this is very important.

I think the high price of Bitcoin makes it valuable; considering its popularity, it makes it more valuable. To sum up, having Bitcoin make every individual to earn and have profit in just a short period of time.

nani culi

newbie

Activity: 112

Merit: 0

bitcoin is too much valuable due to good reputation. It gain enormous trust from its users, and these people spread the word about the life changing benefits that they get from this investment. Aside from being top value wise, bitcoin also is the longest digital coin in the market.

bitcoinsocial09

full member

Activity: 413

Merit: 105

Quote from: [email protected] on January 31, 2018, 11:19:33 PM

Everyone in the crypto space has had people tell them that Bitcoin is worthless or that it doesnt have any true value.

Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.

So heres a little cheat sheet for any newbies out there who get this question or accusation:

1. Bitcoin is safe. It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.

In short, Bitcoin solves massive problems with the financial and political world, and that is its value.

And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.

-

@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential

Bitcoin becomes valuable especially because of it price. Bitcoin price can change anytime which is an asset to the people especially when the bitcoin price gets high. It has a value because we all know that bitcoin has a big help to everyone in providibg their needs and wants. And the most of all the bitcoin is safe and secured so that the identity of the users are definitely safe.

aitrading

newbie

Activity: 84

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Agree with each point in the list. BTC is great chance for developing countries to make their lives more comfortable.

Ca.ming14

newbie

Activity: 143

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the concept of bitcoin is what makes it valuable. It is decentralize and volatile meaning it is not controlled by anyone and it's price is unpredictable which makes it very risky but investor still invest.

ZAYANDI

newbie

Activity: 115

Merit: 0

Bitcoin is too valuable because it may be the most important reason of the fact you've already said that Bitcoin is safe and the privacy of most of them is useful. Bitcoin is the protector of cryptocurrency. For most of Bitcoin, this is an asset to the future like many other people's reasons for valuable Bitcoin. The more people put their time, energy, money, and creativity into something, the more they appreciate it usually becomes more useful.

bitcoinrunners001

newbie

Activity: 84

Merit: 0

Bitcoin change many peoples life.It is true bitcoin is the big source of income now.Many people now invest in bitcoin because it can solves financial problem in a very short time.One of the biggest causes of makes valuable bitcoin is if any one invest in bitcoin they earn more money.

Getmon

sr. member

Activity: 1400

Merit: 273

I am glad that you come up with these very simple ways of describing Bitcoin. This is especially helpful to all the beginners of Bitcoin and crypto. These are basically one-liner though. They should not take these as they are. They have to research and understand some more the meaning and details of each of this. It is also better if they know the downside of Bitcoin so that they will have a realistic and balance look.

ivrynx

full member

Activity: 518

Merit: 103

Bitcoin is valuable today for crypto currency enthusiasts, since bitcoin is one of the cryptocurrencies being accepted worldwide and still is because of supply and demand, and being the first of its kind, it gained more popularity and gained more value through time. As of now, we may not hear bitcoin being on mainstream except for the FUDs being side by those who wants to destroy bitcoin, but once bitcoin goes on mainstream and a much larger adaption had took place, countries might see bitcoin as an investment that they ignored, and at that time bitcoin's price is already higher and probably can save an entire country from debt.

queennathalia

member

Activity: 434

Merit: 15

You have a good point. It can be transfer easier from the other country and government didn't know the transaction. Not traceable that was a big help for us. Less taxes for the government, if you transfer 1btc and price is 9k$ you need to pay the government tax I don't know how many % but its decreased. And if you transferred using bitcoin your money need only pay the fees. It is reliable transactions with bitcoin.

Ziscadas

full member

Activity: 452

Merit: 100

Bitcoin for the first time in history created a situation where every person has the opportunity to be completely financially independent. From now on, private property is really controlled only by its owner and by no one..I think this is very important.

KateOrigami

newbie

Activity: 14

Merit: 0

Just as the value of a shovel is derived from its ability to dig, so the value of a currency is based on two factors: the ability to turnover and save. At bitkoin with these factors all ok!

[email protected]

newbie

Activity: 196

Merit: 0

I will say this, bitcoin that makes it valuable is that it requires no trust from the counterparty when making any transactions. This is probably one of the most important features not only of bitcoin itself, but of the entire blockchain ecosystem. Well, if we talk about the other advantages, we can highlight the 1. protection against copying and counterfeiting 2.and of course the opportunity to carry out operations with him without the treatment and approval of the state, although in my opinion this is not a plus, but a big minus, why? Yes, because'huez state control such instability systematically. The opportunity to earn will be huge, but only professional speculators and large investors, all the rest is waiting for a failure, collapse.

hatha way

newbie

Activity: 133

Merit: 0

Bitcoin is seen as valuable due to it being decentralized. In my opinion, since it is non-taxed in some countries and away from the government, the demand for bitcoin increases thus increasing the value of bitcoin. Compared to physical money, it is easier to invest with bitcoin. However, the downside of bitcoin is there have been numerous scams with regards to bitcoin.

david roman

newbie

Activity: 130

Merit: 0

I think there are many reasons why bitcoin has a price, the first is bitcoin has a very limited total supply and can be used for any payment method you want so it is getting harder to get bitcoin then it is certain the price will be very expensive.

tangsanzang7

newbie

Activity: 52

Merit: 0

Quote from: [email protected] on January 31, 2018, 11:19:33 PM

Everyone in the crypto space has had people tell them that Bitcoin is worthless or that it doesnt have any true value.

Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.

So heres a little cheat sheet for any newbies out there who get this question or accusation:

1. Bitcoin is safe. It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.

In short, Bitcoin solves massive problems with the financial and political world, and that is its value.

And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.

-

@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential

The letter is the root cause of Bitcoin's value.

conceivedspoon2

member

Activity: 378

Merit: 10

There are so many of other cryptocurrencies that do has not add value or will not add value to businesses. Using cryptography as a means of payment around the entire world is really a good concept that was started by bitcoin. It is decentralised and break barriers of cross exchange.

dillpicklechips

hero member

Activity: 994

Merit: 507

Users of bitcoin value this system because it's posses different advantages and gives benefits to people like opportunity and source of income. But bitcoin becomes more valuable because it is being popularized over the world and the demand makes it valuable.

cryptojac17

full member

Activity: 490

Merit: 107

Quote from: bandungan on May 02, 2018, 07:37:37 PM

Quote from: bling-bling on May 02, 2018, 07:33:15 PM

The community. The community dictates the demand for Bitcoin. The higher the demand, the higher the price will be while the supply is getting smaller. The lower the demand, then price may remain stagnant. It's the same for any other commodities that are being patronized. The more this commodity is being used with less supplies, the more its price will increase. This is why super cars are so expensive. Aside from their features being like out of this world, the production is so few. Manufacturers would only make a few units (like a limited or exclusive edition) and then sell them at a high price, which is crazy! Same with Bitcoin, time will come where there will only be a limited Bitcoin supply with a crazy high value! I don't think we would even be alive to see that moment...

equations bitcoin and supercar cars can be used as the answer why bitcoin now has a valuable value. today bitcoin stocks around the globe are limited and will probably make it even more valuable if stocks are few. so I think that's the answer why bitcoin has value.

Yeah if many will buy and patronize bitcoin the value will become more higher because the world is shifting towards crypto currency since bitcoin is the pioneer there's a possibility that the value will be increasing every year, because bitcoin circulation in limited it cannot increase in number.

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